Wind solar storage supplier quotation in Vietnam 2025

Does Vietnam have new feed-in tariffs for solar power?

April 2025 | Southeast Asia Impact Alliance Vietnam is taking another step toward modernizing its renewable energy sector by unveiling updated feed-in tariffs (FiTs) for solar power, with a notable emphasis on encouraging battery energy storage systems (BESS).

Why is wind power important in Vietnam?

Despite challenges such as regulatory uncertainties and grid infrastructure limitations, the continued growth of wind power is essential for meeting Vietnam’s increasing energy demand while supporting its goals for a cleaner and more sustainable energy future.

Is Vietnam a good place to invest in wind power?

Vietnam’s wind power industry has emerged as a key component of the country’s renewable energy strategy, driven by favourable natural conditions and government incentives. With over 3,000 kilometres of coastline and high wind speeds, Vietnam has significant potential for both onshore and offshore wind energy development.

How much wind power will Vietnam have by 2025?

Notably the 2025 revision significantly expanded on Vietnam’s wind power targets. Specifically, onshore and nearshore wind capacity by 2030 has been revised up from 21,880 MW to a range of 26,066–38,029 MW. Offshore wind for domestic use is now expected to reach 6,000–17,032 MW by 2035, up from a flat 6,000 MW in the original plan.

What is Vietnam's new solar power project?

Located off the coast of Soc Trang province, the project has a planned capacity of up to 1,400 MW. It will be developed in multiple phases, with the first phase expected to provide 400 MW of capacity. The project is designed to support Vietnam’s renewable energy targets and contribute to the national grid.

What is the largest offshore wind project in Vietnam?

This is one of the largest offshore wind projects in Vietnam, being developed by Mainstream Renewable Power in collaboration with local partners. Located off the coast of Soc Trang province, the project has a planned capacity of up to 1,400 MW. It will be developed in multiple phases, with the first phase expected to provide 400 MW of capacity.